Mackenzie Financial Corp Cuts Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Mackenzie Financial Corp trimmed its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 30.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,704,378 shares of the scientific and technical instruments company's stock after selling 1,208,253 shares during the quarter. Mackenzie Financial Corp owned 1.55% of Keysight Technologies worth $430,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Keysight Technologies in the fourth quarter valued at about $265,043,000. Moneta Group Investment Advisors LLC lifted its position in shares of Keysight Technologies by 110,226.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company's stock worth $256,680,000 after buying an additional 1,499,078 shares during the period. Van ECK Associates Corp boosted its stake in Keysight Technologies by 1,588.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company's stock valued at $153,406,000 after buying an additional 1,090,763 shares in the last quarter. Alliancebernstein L.P. grew its position in Keysight Technologies by 31.8% in the fourth quarter. Alliancebernstein L.P. now owns 2,160,766 shares of the scientific and technical instruments company's stock valued at $369,642,000 after acquiring an additional 521,934 shares during the period. Finally, Morgan Stanley raised its stake in Keysight Technologies by 29.8% during the fourth quarter. Morgan Stanley now owns 2,026,408 shares of the scientific and technical instruments company's stock worth $346,658,000 after acquiring an additional 464,655 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Insider Buying and Selling

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KEYS has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded Keysight Technologies from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Citigroup boosted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. Finally, Barclays raised their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $160.63.

Keysight Technologies Stock Down 1.1 %

KEYS stock traded down $1.78 during trading hours on Monday, reaching $153.32. 1,082,921 shares of the stock were exchanged, compared to its average volume of 1,249,106. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 7.03 and a beta of 1.05. The firm's 50-day moving average is $154.58 and its 200-day moving average is $145.83. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $1.72 EPS. Keysight Technologies's revenue for the quarter was down 8.8% compared to the same quarter last year. On average, equities research analysts expect that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.